TLDR
- Arthur Hayes has predicted that Ethereum could increase 2.5 times before the end of the year.
- Hayes reiterated his $10,000 price target for Ethereum during his appearance on the Bankless podcast.
- He compared Ethereum to a decentralized version of Nvidia and AWS due to its computational infrastructure.
- BitMine purchased 104,336 Ethereum tokens worth $417 million in a single day.
- The company now holds over 3.03 million Ethereum tokens, which is more than 2.5% of the total supply.
Arthur Hayes remains confident that Ethereum will surge 2.5 times by the end of the year. BitMine’s aggressive accumulation of Ethereum adds further strength to the bullish outlook. The latest $417 million addition to BitMine’s treasury signals deep institutional conviction in Ethereum’s long-term potential.
Arthur Hayes Maintains $10K Ethereum Target Amid Volatility
Arthur Hayes, co-founder of BitMEX, reaffirmed his bullish Ethereum stance on the Bankless podcast. He described recent price movements as “background noise” in a broader bullish trend. He maintained his $10,000 price target for Ethereum by year-end.
$200–$250k BTC and $10–$12k ETH by year-end?
Tom Lee ( @fundstrat ) and Arthur Hayes ( @CryptoHayes ) share their price predictions, and why they think ETH could do a 2.5x in just 2 months.
2 Legends. Same ballpark. Are we ready for these levels by Dec 31? 👀 pic.twitter.com/DaMuzO2LdE
— Bankless (@BanklessHQ) October 14, 2025
Hayes likened Ethereum to a decentralized Nvidia or AWS providing computing infrastructure to blockchain, AI, and financial sectors. He emphasized Ethereum’s growing utility across finance, institutional settlement, and smart contract deployment. According to Hayes, Ethereum is still undervalued compared to its real-world applications.
In August, Hayes predicted that Ethereum could rise as high as $20,000. However, he currently expects a 2.5x increase from current levels. He believes the market is entering a phase of accelerated adoption and demand driven by utility.
BitMine Expands Ethereum Holdings With $417M Purchase
BitMine added 104,336 Ethereum tokens worth approximately $417 million to its treasury in a single-day transaction. On-chain data from Lookonchain revealed these tokens were moved from Kraken and BitGo into three new wallets. This accumulation brought BitMine’s total Ethereum holdings to 3.03 million tokens.
The holdings now represent more than 2.5% of Ethereum’s circulating supply. Just a week prior, BitMine had acquired Ethereum worth $103 million. This consistent buying shows a strategic commitment to Ethereum regardless of short-term market pressure.
BitMine chairman Tom Lee projected Ethereum to reach $12,000 by the end of 2025. He highlighted that the breakout from Ethereum’s long accumulation phase suggests a new price discovery cycle. Lee emphasized that clear regulations and government interest could further support Ethereum’s institutional appeal.
Institutional Demand Grows as Ethereum ETFs See Inflows
Ethereum’s institutional adoption has reached a record high with treasuries and ETFs now holding 12.5 million tokens. This represents 10.3% of the total Ethereum supply, showcasing strong investor confidence. ETF products saw $169 million in inflows yesterday alone, reversing prior outflows.
Michaël van de Poppe noted Ethereum’s BTC pair movements resemble early-stage bullish cycles. He stated, “It’s just beginning, there’s much more upside ahead.” This supports the narrative of an upcoming long-term rally for Ethereum.
